Agribusiness Update for Tuesday 7/30/13

Agribusiness Update for Tuesday 7/30/13

This is the Agribusiness Update...I’m Greg Martin...

The White House released a report detailing the important benefits provided by the bipartisan Senate immigration reform bill for the domestic agriculture sector, its workforce, and rural American communities. As the report states, in recent years, the agriculture sector has seen strong growth, with farm income and agriculture exports both reaching historic highs.

Monsanto has decided to drop a request they had made to grow new biotech crops in the European Union. The report says that they will instead focus on securing approval to import biotech foods grown in the U.S. in addition to other nations.

3 commodity groups have sent a letter to House and Senate Ag Leaders Friday making clear they still favor more market-oriented farm policies - and that won’t change as both chambers prepare for conference on the bill. All three organizations say they will oppose any bill containing a risk management program that would tie planted acres to target prices.

That’s today’s Agribusiness Update from the Ag Information Network. 

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